Servicing

Mortgage industry hiring and new job appointments for the week ending March 13.

With the return of volume and profitability to mortgage lending, it is no surprise that commercial banks are coming back to the market.

Insurance brokerage and risk management firm Brown & Brown plans to expand its lender-placed business by combining operations run by two former rivals with healthy respect for each other.

Mortgage companies that borrow heavily to keep their operations running may face financial pressure from coronavirus-related market volatility as it affects the valuations of collateral securing their financing.

Temporary disruptions from the coronavirus shouldn't lead to consumers having lower credit scores because of missed payments, Democrats on the Senate Banking Committee are telling banking trade groups and regulators in two separate letters.

Mortgage lenders could benefit from the surge in refinancing due to widening market spreads, and that could help offset damage to servicing rights portfolio valuations, according to Keefe, Bruyette & Woods.

Altisource Portfolio Solutions lost nearly the same amount of money as it did for the whole year while it continued the business transition started in 2018.

Fannie Mae completed its first two Credit Insurance Risk Transfer transactions of 2020, shifting $1 billion of single-family loan credit risk to insurers and reinsurers.

Any impact from the coronavirus outbreak on commercial and multifamily loan delinquencies won't be known for some time, the Mortgage Bankers Association said.

Pittsburgh rose from the ash heap of the Great Recession and then became one of the hottest cities in the country for real estate flippers.